---
title: "Mustang Lakes Homes for Sale | Celina, TX | Raven Mok"
description: "Mustang Lakes spans 700 acres of stocked lakes and horse pasture views, with a country club style Club House, on site elementary and estate lots that rarely come up twice."
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# Mustang Lakes

Country Club Meets Texas Ranch.

### The Vibe

Family Friendly 9/10 

Luxury Factor 9/10 

Commute Rating 8/10 

### The Details

School District

Prosper ISD

Median Price

$800k+

Tax Rate

~2.06% - 2.08%

HOA Dues

$162 - $190/month

Main Amenity

The Private Island

### Understanding the True Cost

#### Tax Details

Base rate: ~2.06% - 2.08%

This is a PID (Public Improvement District), not a MUD. Slightly higher than standard city rate but lower than most MUDs.

Example: On an $800k home = ~$1,373/month  in property taxes

#### HOA Investment

Monthly: $162 - $190 (varies by lot size). 50' lots pay less than 1-acre lots.

Includes: Front yard maintenance (mowing/edging)  - saves ~$100/month

Plus: Access to The Club at Mustang Lakes (private island, gym, pools)

Key Insight

Mustang Lakes offers exceptional all-inclusive value. While the HOA appears higher, it includes front yard maintenance that would otherwise cost $100+/month. Combined with the prestigious Celina address, Prosper ISD zoning, and resort-style amenities, this represents luxury living without the constant service coordination.

![Stone staircase leading to the lake at Mustang Lakes](/assets/mustanglakes-staircase-BrGTyYDC.png)

Built on the grounds of a historic thoroughbred ranch, this community has something new builds lack: massive, century-old oak trees. It offers the best of both worlds-Celina address, but zoned for the highly coveted Prosper ISD.

The private island clubhouse and equestrian heritage create a unique blend of luxury and authenticity, appealing to families who appreciate tradition alongside modern amenities.

![Aerial view of Mustang Lakes community showing Crystal Lagoon](/assets/mustanglakes-aerial-B4mvSoOq.png)

A Community Like No Other

★★★★★

Join 200+ families who trusted Raven for Mustang Lakes insights.

### Let's Talk

#### Ready to Experience Mustang Lakes?

Schedule a private tour of The Private Island clubhouse, explore available homes, or learn more about this unique community built on historic thoroughbred ranch land.

Text me updates about my home value and market changes. Message and data rates may apply. Reply STOP to opt out. Send Me The Guide

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## Plan your move around Mustang Lakes

Mustang Lakes sits inside Celina, so the city guide, the nearby communities and the tax and payment math all matter to the same decision. Start with whichever piece you still need.

-   [Celina, TX city guide](/cities/celina)
-   [Light Farms in Celina](/neighborhoods/light-farms)
-   [Cambridge Crossing in Celina](/neighborhoods/cambridge-crossing)
-   [Mortgage payment calculator](/tools/mortgage-payment)
-   [Texas property tax estimator](/tools/property-tax)
-   [MUD and PID tax calculator](/tools/mud-tax)
-   [New build cost calculator](/tools/new-build-cost)
-   [All North Texas neighborhoods](/neighborhoods)

### Market Insights & Investment Updates

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#### Contact

![Raven Home Co. logo — North Dallas real estate advisory led by Raven Mok](/assets/raven-logo-CjGIhzkk.png)

Strategic Real Estate Advisor

[408-234-9393](tel:4082349393)[raven@ravenmok.com](mailto:raven@ravenmok.com)

Serving Prosper, Celina, Frisco,  
McKinney & North Texas

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#### Resources

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Raven Home Co. are marked with the IDX logo. Information is deemed reliable but not guaranteed.

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